FRC view on corporate reporting

For those of you interested in understanding how the FRC views financial reporting and which areas they believe could be improved to enhance the quality of reporting, this article is a useful read. With trust in financial reporting and markets at a very low level, open, transparent reporting has never been so important.

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Some improvements have been seen in strategic reports, for example in the use of alternative performance measures, but there is still a need for further clarity in reporting to improve confidence.